Can I bring verizon iphone 5 from USA to India?

I'm staying in India and i want an iphone 5. But it's too costly in India. I have read about the verizon's iphone 5 coming unlocked even with a 2 year's contract with dollar 199 price only. I want to know that can my friend send it to me from there and can i use it in India? And what will be the total price i would incur? Will i be able to use it with airtel or aircel in india?

As you noted the price is with a 2 year contract. You would of course have to deal with that contract's fees when buying it as well as having to get rid of it after a certain period of time has passed. Then you'd have to worry about shipping fees, & more than likely customs fees as well.